Las Nochebuenas Group
Sra. Beatriz is one of the group’s members. She started her business one year ago and fortunately she has done very well. Beatriz sells stationery and backpacks. She is requesting a loan to restock her business by purchasing backpacks and stationery items so that she will have a wide variety of products to offer to her customers. Since all of the classes are starting again, Beatriz needs more money to invest so that she can satisfy the needs of her customers.
She is 27 years old and has a high school education. Beatriz is married and has three children (ages 7, 6, and 4). She wants to provide her children an education and continue her work so that they can have a better quality of life. In addition, she wants to help her husband with the household expenses.
About CrediComunThis loan is administered by CrediComun, a Kiva Field Partner since February 2010. CrediComun is dedicated to providing loans to groups of women in rural areas in Mexico, and is beginning to lend to individuals as well. One of its newest branch offices is in Ciudad Neza, a poor suburb on the outskirts of Mexico City. CrediComun has grown rapidly since its inception in 2005, with 37 branch offices and over 350 employees, and was ranked the 12th best microfinance institution in Latin America in 2010 according to the Microfinance Information Exchange (MIX).
For more information on CrediComun, please visit its partner page. If you would like to support CrediComun and its borrowers, please visit its lending team.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid